Life Insurance

Many jobs have a “death in service” benefit that many take for granted, and will provide your loved ones with a lump sum payment if you were to die whilst in that employment.

However, when you decide to become a contractor this
benefit will no longer be available to you and you may want to
consider how your loved ones would cope with mortgages, loan
repayments, education and childcare costs and other outgoings in
the event of your death, especially if you are the main earner in
the family.

Death isn't something that we like to think about,
but it is often referred to as 'assurance' rather than 'insurance'
because unfortunately there is no "risk" of it occurring - it is
inevitable.

There is also sometimes the opportunity to 'inflation
proof' your policy, which will insure that the benefits in the
event of your death changes as inflation does, ensuring that your
loved ones benefit less than you expected when you initially took
the policy out.

freelancesupermarket.com members have access to
brokers who specialise in this type of insurance. Click below to
take the first steps in finding the right cover for
you.